Turkey's Borsa Istanbul closes with new daily, weekly records

ANKARA

Turkey's benchmark stock index ended with gains on Friday, posting a new daily and weekly record-high closing level of 2,035.48.

Starting the day at 2,035.71 points, Borsa Istanbul's BIST 100 index gained 4.04 points, or 0.2%, from the previous close of 2,031.44 points.

The index's lowest value during the day was 2,000.59 points, while its daily high was 2,042.93 points.

The total market value of the BIST 100 was around 1.63 trillion Turkish liras ($118.7 billion) by market close, with a daily trading volume of approximately 43.3 billion Turkish liras ($3.1 billion).

While 43 stocks on the index rose during the day, 55 fell and two remained unchanged compared to Thursday's close.

The highest trading volumes were posted by national flag carrier Turkish Airlines, iron and steel producer Kardemir, and petrochemical firm Petkim.

Shares of Ziraat Gayrimenkul performed the best with its shares up 5.56%, while stocks of conglomerate Bera Holding saw the sharpest drop, with 4.34%.

One ounce of gold traded for $1,771.10 by market close, down from $1,782.40 at the previous close, according to data from Borsa Istanbul's Precious Metals and Diamond Markets.

The price of Brent crude oil was up 0.6% to $74.87 per barrel as of 6.33 p.m. local time (1533GMT).